Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Miami Beach area can be challenging. Home prices in Miami Beach are now at a median cost of $803,402, higher than the Florida average of $278,762.
The average cost of rent is $1,732/mo in Miami Beach, primarily driven by the current value of real estate in the Miami Beach area. While nearly 53.53% of residents own their homes outright in Miami Beach, 54.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Miami Beach is $8,132 per month. Households that rent pay about 21.29% of their income on rent here. Miami Beach's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- North Bay Village, FL: less expensive homes
- Miami Shores, FL: less expensive homes
- El Portal, FL: less expensive homes
- Indian Creek, FL: less expensive homes
- Surfside, FL: less expensive homes
- Bay Harbor Islands, FL: less expensive homes
- Biscayne Park, FL: less expensive homes
- Gladeview, FL: less expensive homes
- Brownsville, FL: less expensive homes
- Bal Harbour, FL: higher priced homes
Cities with Similar Populations
- Aloha, OR: less expensive homes
- Plainfield, NJ: less expensive homes
- North Fort Myers, FL: less expensive homes
- Redford, MI: less expensive homes
- Texarkana, TX: less expensive homes
- Tinley Park, IL: less expensive homes
- West Haven, CT: less expensive homes
- Westfield, IN: less expensive homes
- Winter Park, FL: less expensive homes
- Hialeah Gardens, FL: less expensive homes
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